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Keller Williams

Montrose Colorado Home Buying Equity Loan Down Payment

Pros and Cons of a Big Down Payment

When buying property, you can often choose between a large or small down payment. That upfront payment becomes your equity in the property, but how much should you put down? Some loan programs allow you to pay as little as 3.5% (or even less), which may be tempting to buyers who prefer to keep their cash handy. Before you make a choice, evaluate the pros and cons of skimping on the down...

Montrose Real Estate Market Update – May 2014

http://www.youtube.com/watch?v=zkJIqi71-eA National Real Estate Market - May 2014 On a national level, home prices are up 5.4% from last month and are up 7.7% from the same time last year. The median sales price is $191,600. Fewer homes are selling on the national level as home prices continue to rise. Affordability, tight credit, and a diminishing supply of available homes are starting to slow down...

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